Benson Hill, Inc. (NYSE:BHIL) Q4 2022 Earnings Call Transcript

Dean Freeman: Yes. I mean, the bottom line, the revenue recognition is principally around the performance, under the contract, full valuation of the value of the contract, and then milestone performance is then calculated to recognize the appropriate revenue along with that.

Ben Klieve: Okay. All right. Thank you both for that. that’s helpful. I’ll get back in line.

Operator: Thank you. We have no further questions on the line, so I’d like to turn the call back over to Matt Crisp for final comments.

Matt Crisp: Sure. Thanks, Harry. So, we’ve had a very successful year in 2022 that laid the foundation for driving the growth that we expect. We’re continuing to focus on executing our growth playbook, and we’re off to a strong start in 2023. We’re taking the necessary actions to address the market realities, while remaining steadfast to commercializing our innovations and achieving our strategic objectives. We’re eager to shine a spotlight on our competitive advantages, and we see many of you on March 29th for our Investor Day here in St. Louis. And until then, thank you for joining us.

Operator: That concludes the Benson Hill Conference call. You may now disconnect your line and exit the webcast.